Underwriter
Chubb
Listing collected from Chubb's career site. NextChapter is independent of Chubb.
Chicago, IL · Posted October 22, 2026
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Where Chicago, IL ranks
Where Chicago, IL placed in our monthly rankings, month by month. Each month stays online at its own address.
November 2026
- #1Best cities for government pay after cost of living$146k · of 18
- #1Cities with the most jobs that do not need a four-year degree in the Midwest684 jobs · of 51
- #1Cities with the most jobs that do not need a four-year degree in the Great Lakes684 jobs · of 36
- #1Best cities for software and engineering jobs in the Midwest1,140 openings · of 59
- #1Best cities for software and engineering jobs in the Great Lakes1,140 openings · of 48
- #1Best all-round cities for mid-career professionals in the Midwest80 / 100 · of 20
Rankings about finance jobs
- Best cities for finance jobs #1 New York (1,932 openings)
- Best cities for finance pay after cost of living #1 San Mateo ($162k)
- Most requested AI skills in finance jobs #1 AI tools in daily work (4.3%)
- AI tools named most often in finance jobs #1 Claude (0.55%)
- Employers with the most finance jobs #1 Amazon (475 roles)
Pay compared with the market
This listing does not state pay. Across 50 open underwriter listings that state pay, the middle half runs $75,000 to $122,000 and the median is $97,500.
Listed pay is what employers advertise, not what people are paid.
How AI is used in this kind of work
AI use among insurance underwriters is little observed so far. Measured exposure for insurance underwriters: 6% (little observed).
Share of this job’s tasks that AI is already used for at work, from real usage. It is not a forecast of job loss, and a low number means no use seen yet. Source: Anthropic Economic Index.
Skills this job asks for
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About the job
Contribute to the achievement of the Excess Casualty National Accounts segment business plan. The Underwriter is responsible for the production, underwriting, and maintenance of new and renewal umbrella and excess casualty accounts within an assigned territory.
The Underwriter establishes and maintains productive relationships with brokers and internal business partners to support the continued flow of new business opportunities and the retention of existing accounts.
Primary responsibilities include:
Solicit and evaluate new and renewal submissions from brokers.
Analyze casualty exposures, loss experience, financial information, and risk controls.
Select, price, and structure risks in accordance with established underwriting strategies and authority.
Determine appropriate coverage terms and conditions.
Prepare quotes and document underwriting decisions.
Manage assigned accounts and portfolios within underwriting authority.
Develop and maintain strong broker relationships.
Participate in broker and client meetings.
Negotiate effectively while balancing customer needs with underwriting profitability.
Adhere to Chubb standards for pricing, documentation, and account servicing.
Support the National Accounts and Excess Casualty business plans through effective portfolio management and collaboration.
Knowledge of the commercial insurance industry and casualty underwriting concepts, practices, and procedures.
Ability to identify and evaluate risk exposures, hazards, controls, and loss trends.
Ability to analyze claims information and quantify loss exposure.
Understanding of financial statements and financial ratios used in risk analysis.
Understanding of actuarial concepts, including loss development, loss trends, and ratemaking.
Strong analytical, decision-making, negotiation, and marketing skills.
Effective written and verbal communication skills.
Ability to build productive relationships with brokers, clients, and internal business partners.
Ability to organize, prioritize, and manage work with limited direction.
Ability to perform effectively in a fast-paced, deadline-driven environment.
Proficiency with Microsoft Word, Excel, Outlook, and applicable underwriting systems.
The pay range for the role is $82,000 - $118,000. The specific offer will depend on an applicant’s skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found on our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.